Pro Kapital Grupp As · OMXTSE:PKG1T
Pro Kapital Grupp As — AS Pro Kapital Grupp — Investor Presentation (February 2020)
8 slides from Pro Kapital Grupp As's investor presentation, Feb 28, 2020
Slide 1: Presentation – AS Pro Kapital Grupp
Presentation – AS Pro Kapital Grupp February 2020
Slide 2: Important information
Important information This presentation material (the “Material”) has been prepared by AS Pro Kapital Grupp (the “Company”). This Material is provided for information purposes only and is not to be relied upon for any other purpose. By accessing this Material, you agree to be bound by the following
Slide 3: Background to underperformance of T1 Mall of Tallinn
Background to underperformance of T1 Mall of Tallinn Ongoing discussions with lender following covenant breach and subsequent payment default Overview of recent events in the T1 Subsidiary Historical financial performance of the T1 Subsidiary (EUR million) 3 • The T1 Mall of Tallinn opened to the pu
Slide 4: Residential developments
Residential developments Residential pipeline for 2020-2021 includes 463 new apartments in addition to completed apartments for sale Expected completion of apartments Expected gross cash flow from sale of apartments (EUR million) Kalaranna (Residential) 25 The sales proceeds River Breeze Talinn, Est
Slide 5: Detailed overview of Kalaranna and Kristiine City projects
Detailed overview of Kalaranna and Kristiine City projects Projects estimated to account for >80% of cash flows from apartment sales until the end of 2021 Geographic location and positioning Forecasted construction period and completions 2020 2021 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Kalaranna Stage 1.1 Kalarann
Slide 6: Cash flow forecast
Cash flow forecast Solid initial cash position and positive net cash flow of EUR + 4.7 million forecasted from Q1 2020 – Q4 2021 Quarterly cash flow forecast before bond amortisations and repayments (2020 – 2021) Key takeaways Cash flow after changes in working capital Interest paid • Operating cash
Slide 7: Debt overview
Debt overview Bank loans, convertible bonds and secured & unsecured bonds (excluding T1 debt1) Debt structure overview (excluding T1) as of 31.12.2019 Pro-forma debt overview excluding T1 (31.12.2019) EUR 000 LHV Bank AS (EE) 5,300 17% AS Swedbank (LV) 2,339 Luminor Bank AS (EE) 417 Secured bonds Co
Slide 8: PROKAPITAL
PROKAPITAL
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